# SQUARE 1 BANK
DURHAM, NC · FDIC certificate 58021 · asset band $1-10B · latest filing 2015-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $4.03B | |
| Deposits | $3.68B | |
| Loans and leases | $1.57B | |
| Total equity | $333.5M | |
| Loans / deposits | 41.96% (p4 of band) | 86.97% |
| Liquid assets / assets | 59.26% (p96 of band) | |
| Uninsured deposits / deposits | 30.91% (p64 of band) | 24.91% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p3 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.90% (p7 of band) | 9.78% |
| Unrealized securities loss / equity | 6.82% (p95 of band) | 1.31% |
| AOCI / equity | 1.16% (p93 of band) | |
| ROA (annualized) | 1.23% (p77 of band) | 0.95% |
| Net interest margin | 3.64% (p62 of band) | 3.48% |
| Efficiency ratio | 49.87% (p13 of band) | |
| Noncurrent loans | 1.42% (p82 of band) | 0.71% |
| Net charge-offs (annualized) | 0.28% (p94 of band) | |
| Reserve coverage of noncurrent | 130.84% | |
| Real estate % of loans | 3% | |
| Construction % of loans | 2.30% (p9 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 38.0% | |
| Employees | 293 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | uninsured deposits >50% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | uninsured deposits >50% |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 1 | capital falling |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 | charge-offs p90 | capital falling |
| 2014-06 | 0 |  | charge-offs p90 |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 2 | charge-offs p90 |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-03-11 [Square 1 Bank dodged the bullet that killed SVB - markmcqueen.substack.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE9wcjE4cEhPXzc3RjJfdTRNeVNXR2hWMTBSMlI2dGxGVzdBRXdIRnJFcENDWm5mVFkzVV9fUzB4Nl9YQnhlZDEzVjcwZ2dqQ3drWl9aZHpXYUNPZUJCOGhEODFGY3NRaUFhNmlaRlg2NmM2ZDZzQlZCTmVERQ?oc=5) · markmcqueen.substack.com
- 2023-03-13 [After SVB collapse, Triangle banks with Square 1 ties work to mitigate concerns - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxNdi1uODEzOW5KblB3SFE0MEJnWVl5cmhNRVpobGstanREWVMzdHF2Qi1jRUxuSTBBNy1sdEZ1V0ZwZWFERjFEVGNPVENVTTFoTnBFVGpQZXFzenRoVHFWTGx6MHhwclRhNEpFN1o1b0ZHUVk4OFBpRVhpbzhuelRqaXpqcjY5T25JR3JUNFJaZnEwZWdNblVpdEg4Nm9YQWR4U1E?oc=5) · The Business Journals
- 2017-03-15 [Here comes the new wave of de novos - American Banker](https://news.google.com/rss/articles/CBMiggFBVV95cUxPV2hYdTNtcDNtc1VObHRlQ1BkM2hXc1dsNVNpcHlBQkhoNy1IRExZQy1iTVdROU9VX0dSX2lRb0VGNGp2aUxyMDNhTloxVW1qQzFuXzNGSl9TdldtNXR1bTFMVWl1STY2czBISnhXQndTYW0xdEdOSDRBR200aVQ2WGR3?oc=5) · American Banker
- 2023-11-02 [What is the new SVB like under Raleigh’s First Citizens Bank? NC startups share. - Raleigh News & Observer](https://news.google.com/rss/articles/CBMickFVX3lxTE81VW9XdTRKdDBZOUdKbEYtRkxqMmJwVDlNUFhmQ2J4UDBFeFdsOEpBX3VPUzZ1Q0Z6RWhkZjJobnBJYzVsSWF1QnE1WWVQbnoyMzNuOEplaWNzM3dKbGZLSkQ0NXNNcTg5ZTFTbzhIcVQ4Zw?oc=5) · Raleigh News & Observer
- 2025-07-10 [The Download: Dhruv Patel, Zack Mansfield, Co-Founders and Managing Partners, Conductor Capital - GrepBeat](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOTnNHTjlKTWpialpTOVdGXzVIbGFBWkh6eHlPSGVVWjZLUFVQZDZnQllDTkdMWG5FUjFMZkhlMXBwWWxwbTM2c3ZBemZRRWd5NjR3WVh4WFpZa2xFMW5jWEtjSXR5b3hoWGtBd3l2VnR1WnF6QmROVHQyNVNXanVmaURCbnI5bExZUjk4QWtmdzJ4U2ozWHVYdUhNNFhoaGZiaTYzT2VVdFNhQ0tJb1JJdk1UaFY0R1BTQS1XN2xwYk1jdw?oc=5) · GrepBeat
- 2019-01-18 [PacWest to 'retire' Square 1 brand - The Business Journals](https://news.google.com/rss/articles/CBMilAFBVV95cUxON211TDU2dVFyUEhKRU4zTUNQQnBLQjZnX0Q2WDAwdExFOXdiU1pmMHZtYnoyV3VSb2kxam1uQ2lwQm92X29td0Q1OThvV25ucGx0WlVBMHlBTjdqek5IXzlfSjZwakFQWDJSN0pfWXMtbDJUSmxyQVpzWG5MbmJsdWJOZTJxZ0U2WTAzZnpLX3dndmRL?oc=5) · The Business Journals
- 2019-07-23 [Another big bank launches venture fund group – loaded with former Square 1 bankers - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxObEdzNmNyNnhRbEdPTmhueUQxZDFQOENFR1dPUWJ6a2hlaUFwVmxtSDNURnpLS2Z2Z0JEVkFhZW1MeUk5d2xWakZUaE1HY0JHRFVQd2otRlRmODBIdnpqZ2s3eTlrM1AzYm5jbnlJSkhQejJiQVlhTGJfYmFDSFhSZVdOMkFXZ0RYdzhueVBxekpLWURWN3lTUTNDOGtsdnlTTkVFag?oc=5) · The Business Journals
- 2021-05-21 [CFO of the Year: Patrick Oakes helped Atlantic Capital Bank go public - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQUzdfUlZHZnNSUzVhYzZhN2hMdmtzSFFLRXJxOUYtcndqb3dYOWI1dUVSbm85dFdjcTBEVHVTU0I5bXM1TWZvenRSLTAyLWpuYWhuVXdoLWE5RVRJdUkwemNLMUEwZzdvTXowSTVvYXNvVG8zNzJXUjBET0FVZ1pPQlNHSGpzZU5DYVEtbmFVcWJCa29aRnFoaGtVaFgwdWs4eDVUODBoaw?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58021 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/37.json (key "58021", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide